Director Shareholding

Spirax-Sarco Engineering PLC
20 May 2005

SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


SPIRAX-SARCO ENGINEERING PLC




2. Name of director


GRAHAM PAUL MARCHAND




3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


GRAHAM PAUL MARCHAND




4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


GRAHAM PAUL MARCHAND




5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


GRAHAM PAUL MARCHAND




6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


EXERCISE OF OPTIONS OVER 82,500 SHARES & SALE OF 18,000 SHARES




7. Number of shares / amount of stock acquired


82,500



8. Percentage of issued class


0.109%



9. Number of shares/amount of stock disposed


18,000



10. Percentage of issued class


0.024%



11. Class of security


ORDINARY




12. Price per share


EXERCISE: 15,000 options @ 420p each, 15,000 options @ 525p each, 15,000 
options @ 319.16666p each, 20,000 options @ 397.66666p each and 17,500 
options @ 436p each



SALE: 712p each



13. Date of transaction


EXERCISE: 19.5.05, SALE: 20.5.05



14. Date company informed


19 & 20.5.05



15. Total holding following this notification


115,324



16. Total percentage holding of issued class following this notification


0.152%



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant







18. Period during which or date on which exercisable






19. Total amount paid (if any) for grant of the option







20. Description of shares or debentures involved: class, number







21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise






22. Total number of shares or debentures over which options held following this
notification






23. Any additional information






24. Name of contact and telephone number for queries


PETER SMITH, TEL. [phone]




25. Name and signature of authorised company official responsible for making
this notification


PETER SMITH




Date of Notification


20.5.05




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